I don’t intend this to be a long blog because I am still in a sort of relaxing festive mood and trying to do as little ‘work’ as possible and anything I am working on I am trying to make effortless and totally untaxing on my meagre supplies of brain power.
The main reason for bashing out this blog is to just look at the Index Charts to see how they are shaping up because it is pretty obvious that they are looking a bit stretched after such a gorgeous ‘Santa Rally’, where Stocks have just seemed to steadily drift up in the days around Xmas and as we come to New Year. On top of that I want to outline where I am with the blog pipeline as I have been doing some stuff in recent days and I have the next few weeks nicely planned out.
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THIS IS NOT A TIP OR RECOMMENDATION. I AM NOT A TIPSTER. PLEASE DO YOUR OWN RESEARCH. PLEASE READ THE DISCLAIMER ON THE HOME PAGE OF MY WEBSITE. IF YOU COPY MY TRADES, YOU WILL PROBABLY LOSE MONEY. I HAVE A LARGE PORTFOLIO AND I USE DIVERSIFICATION TO SPREAD RISK ALONG WITH TRICKS LIKE HEDGING AND OCCASIONALLY BY THE USE OF STOPLOSSES - IF YOU BUY ANY STOCK YOU REALLY SHOULD FOCUS ON HOW IT FITS IN WITH THE REST OF YOUR PORTFOLIO AND KEEP RISK MANAGEMENT AT THE FOREFRONT OF EVERYTHING YOU DO. BE AWARE THAT ALL INVESTORS/TRADERS GET THINGS WRONG AND MANY STOCK SELECTIONS WILL WORK OUT BADLY.
Clearly this is the second part of a 2-parter about TM17. If you have not read it yet you can find the first part under this one on the ‘Stocks & Markets’ blog page, but just cos I am so incredibly nice to you, here is a link straight to it: https://wheeliedealer2.weebly.com/stocks--markets-blog/stock-idea-team17-tm17-part-1-of-2 Since I published that blog I have actually bought some TM17 myself at 344p and if you go to the ‘Trades’ page on WD1 then you can read more details about it.
I mentioned on the Tweets the other day how a General Election has the incredible ability to utterly change the Political backdrop for the Country in an instant and, goodness me, the result on Friday has done exactly that. At 9.59pm on Thursday Night there was a lot of trepidation and uncertainty with what the Election would bring about and almost in the blink of an eye the transformation was stonkingly off the scale. This Election result is truly seismic and totally changed the outlook for clearly 5 years; but more likely 10 years and it could be even more.
I used to be very much open to the idea of Proportional Representation but after the dire experiment we have had with a Hung Parliament for several years, it is pretty clear to me that sticking with ‘First past the Post’ is the way to keep things. This is because it is much more likely to throw up a clear result where a Governing Party can actually get on with the job and this brings Economic, Social and Political certainty and that is precisely what has been missing for recent years and we can safely say “Normal Service is Resumed”.
THIS IS NOT A TIP OR RECOMMENDATION. I AM NOT A TIPSTER. PLEASE DO YOUR OWN RESEARCH. PLEASE READ THE DISCLAIMER ON THE HOME PAGE OF MY WEBSITE. IF YOU COPY MY TRADES, YOU WILL PROBABLY LOSE MONEY. I HAVE A LARGE PORTFOLIO AND I USE DIVERSIFICATION TO SPREAD RISK ALONG WITH TRICKS LIKE HEDGING AND OCCASIONALLY BY THE USE OF STOPLOSSES - IF YOU BUY ANY STOCK YOU REALLY SHOULD FOCUS ON HOW IT FITS IN WITH THE REST OF YOUR PORTFOLIO AND KEEP RISK MANAGEMENT AT THE FOREFRONT OF EVERYTHING YOU DO. BE AWARE THAT ALL INVESTORS/TRADERS GET THINGS WRONG AND MANY STOCK SELECTIONS WILL WORK OUT BADLY.
You may have spotted that I wrote a 2-Part Blog ‘series’ about the Video Gaming Sector recently and out of the 5 pretty decent Stocks I had a quick look at, I decided that Team17 TM17 was the one I fancied the most. There are several reasons why TM17 stood out and I am sure Readers may come to their own conclusions as to which Stock is ‘best’ – but whatever Stock is chosen the tailwind in the sector is so strong that I suspect any of them will do well given time and the prerequisite patience to hold on to them. As mentioned in the Sector Blogs, the 5 Stocks split into 2 basic groupings which are the ones that actually create and publish Games and the ones that are more ‘Picks ‘n Shovels’ and provide various services to make the Games.
Well there is pretty much one game in town for this coming week and of course it is all about the General Election on Thursday with the results starting late on Thursday night; and by the Market Open on Friday we should know where we stand and no doubt the Futures Markets will have been going nuts overnight.
Before starting this Blog I had a quick look at the excellent ‘Britain Elects’ Feed on Twitter and something like 4 recent Polls had a Tory lead of around as much as 10% - that kind of level should give Boris a big Majority and although most people don’t expect that, I reckon it could happen. In fact, I am pretty sure we will get at least a 30 Seat majority with Brexit being the dominant factor by which Voters are being swayed despite the attempts by Corbyn to drag it onto ‘domestic issues’.
I am sure many of us are bewildered at how we can have reached December 2019 (and worst still, we are now in the ‘Meteorological Winter’ apparently) and the final weeks of the year. Historically, December is the strongest month and assuming that we don’t get a crazy Marxist in Number 10 on the 13th December, then chances are we can keep the strength going in the Markets; but I suspect we face some sort of Reckoning soon – maybe early January will inject a dose of reality.
We might also get a ‘Santa Rally’ which tends to be quite late – I think it is something like the 17th December up to the first few days of January and if the situation looks right, then I might be tempted to place a Small Long Spreadbet on some sort of Index to try and get a bit of gain out of this historically very reliable occurrence. The S&P500 might be a good one because it is so strong anyway but I will see how things look at the time. |
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